Money Printing May Not Lead to Inflation: Gold Bear

Kitco News talks to Alex Green of The Oxford Club about gold and his bearish outlook for the yellow metal. According to Green, most of the gold buying came from ETFs and hedge fund managers that are now selling the metal. With regards to inflation, Green says, "it is a mistake to think that just because the government is spending way too much money, we're going to see much higher inflation in the future." Alex argues that gold is among the hardest assets to value because its worth is determined by what someone is willing to pay for it rather than through asset valuation methods. Green says the economy is growing too slowly, the dollar is stronger and commodity prices are down and all these factors alleviate inflation rather than lead to it. Kitco News, July 15, 2013 (show less)

Kitco News talks to Alex Green of The Oxford Club about gold and his bearish outlook for the yellow metal. According to Green, most of the gold buying came from ETFs and hedge fund managers that are now selling the metal. With regards to inflation, Green says, "it is a mistake to think that just because the government is spending way too much money, we're going to see much higher inflation in the future." Alex argues that gold is among the hardest assets to value ... (read more)

 
 

 

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